Prominent real estate developer Charles Florio purchased the Silk City Lofts, a 48-unit apartment building on Broadway, and a development site approved for 195 rental units on Fair Street, for $5.88 million.
The city celebrated the opening of the new M&T Bank branch in downtown Paterson with a ribbon cutting ceremony on Wednesday morning.
The North Jersey Federal Credit Union branch in downtown Paterson is closing its doors to customers in August.
Several dozen volunteers descended on School 20 recently to spruce up the elementary school by painting murals, landscaping, and installing new playground equipment.
The director for the downtown Paterson Special Improvement District has resigned amid the City Council’s hold up of the business district’s $304,000 budget.
The former owners of a well-known Paterson restaurant pleaded guilty to tax evasion for concealing income from their cash-only business, U.S. Attorney Craig Carpenito said on Wednesday.
Councilman Michael Jackson, who succeeded in convincing his colleagues to reject the Downtown Paterson Special Improvement District budget two months ago, received a breakdown of the district’s expenses earlier in the month.